Home > Online > Orbitz to net $115 million from Expedia if deal falls through due to anti-trust

Orbitz to net $115 million from Expedia if deal falls through due to anti-trust

02/15/2015| 10:43:11 AM| 中文

Expedia will dish out $115 million to Orbitz in the event that the deal falls through due to regulatory issues.

The SEC published Expedia’s Form 8-K which discloses its proposed merger with Orbitz Worldwide, Inc., and there’s a whopper of a clause: Expedia will dish out $115 million to Orbitz in the event that the deal falls through due to regulatory issues.

And if the deal is scuttled by Orbitz itself, for example if the company found a more agreeable suitor, it would be on the hook for a termination fee of $57.5 million to Expedia.

This doesn’t seem likely, as the company had been seeking suitors for some time before locking in Expedia.

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TAGS: Expedia | Orbitz | M&A | OTA
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